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telling me to tell you that it is -- romney didn't get less votes -- fewer than obama. he got fewer votes. >> stephanie: you know who he also got fewer votes than? john mccain. about two million. the guy that lost in the last landslide. there's a little fun fact for you. he is a loser. how about that? >> that works perfectly. any iteration. >> stephanie: 1-800-steph-12 the phone number. stephaniemiller.com the web site. it is my favorite time of week. it's monday! eric boehlert from media matters from america doing the lord's work as usual. >> eric boehlert. ♪ hurts so good ♪ ♪ come on, baby ♪ >> stephanie: let's dive into the right-wing world. i don't know what that means. eric boehlert from media matters. good morning, eric boehlert. i got. >> thanksgiving gift i'm going to send to you. it is the screen shot of the year. picture of bill o'reilly. there are entire media operations that exist to promote ideology. it think is a bad situation that's getting worse. the headline is the far le
. it is a historic day for president obama and for the people of myanmar, as it transitions towards democracy. during the first visit by a sitting u.s. president, mr. obama pledged that the u.s. will be friends with any nation that respects its people's rights and international law. nbc political director and chief white house correspondent chuck todd is traveling with the president. chuck, good morning to you. >> reporter: good morning, veronica. the president was only here on the ground for 12 hours, the first american president to visit myanmar, the country formerly known as burma. he was greeted by a sea of locals. some of it was spontaneous, some very organized. school-aged children in school uniforms waved the american flag and the myanmar flag. the president met with the official leadership here, played tourist, visiting a famous buddhist attraction here, a 2,000-year-old temple. he also went to aung san suu kyi's house, democracy activist who was under house arrest here in this country for years. the president went to her house, had a few words with her. but the centerpiece of his visit was a
the boarder for a ground invasion. but cease-fire negotiations are under way. president barack obama says avoiding a ground assault is preferrable but israel has a right to defend itself. >> there is no country on earth that would tolerate this. >> reporter: officials say they will end attacks on gaza if hamas agrees to stop launching rockets into israel but warning sirens continue to go off across israel. the israeli military says the iron domed defense system is stprepting dozens of missiles including several headed towards tel aviv on sunday. but missiles hit buildings in the south. hamas says it will not back down until israel agrees to open up gaza's boarders. >> president barack obama was in thailand today. the first of a four-day stop. he offered a toast to the long alliance. >> your diggity, your resilience, your friendship, your warmth. that is the foundation of our alliance. it is why you were the first asian nation to reach out to america after we won our independence. it is why in asia, to this day, we can say, thailand is our oldest friend. >> president barack obama and secr
people. >> andrea mitchell, the diplomacy for president obama about to start a second term with all of the problems in the middle east. he's in bangkok this morning. he talked about his support for israel. >> there's no country on earth that would tolerate missiles raining down on its citizens from outside its borders. so we are fully supportive of israel's right to defend itself from missiles landing on people's homes. and workplaces and potentially killing civilians. and we will continue to support israel's right to defend itself. >> so let's talk about how the president is working this right now, andrea. >> well, working this by trying to persuade the president of egypt to please pull back and pressure hamas for a cease-fire. that is where the action is. the arab spring is what changed all of this. all of the elements that tom just addressed were, you know, completely transformed by the fact that you have morsi and not mubarak. so you don't have a reliable dictator or leader in egypt whom the united states can do military to military and diplomat relations with. you have an islam
president obama is making a tour of south east asia. a few hours ago he landed in cambodia, marking the first time the president has ever visited that country. white house aides say the president will raise human-rights concerns in his meeting with leaders hun sen. the president also be attending the east asian summit that conference starts today. >> allow president bestpresident obama stripped to the country is the first by a sitting u.s. president and marks in chapter between the two countries. >> today i have come to keep my promise and extend the hand of friendship. america now has an ambassador in rangoon. sanctions have been east and we will offer an opportunity that serves people in growth for the world. >> the president said the flickers of progress cannot be extinguished he's looking for to breaching more ties. >> first let's go and have a live look at a best buy for shoppers are kept out to cograbbed black friday deals. monday morning there already lined up for black friday. we will be back with more. we are back. this morning call brought well is telling friends that she
the damage and move forward. >>> new this morning, president obama is making the last stop of his whirlwind tour of southeast asia. he's now attending an east asian summit in cambodia. alison burns is in our washington, d.c. newsroom with how the president is making history on this trip. alison? >> reporter: tori, he's the first american president to visit cambodia. here is a look at president obama's arrival for the east asia summit. white house officials say the president had a tense meeting earlier with the prime minister of cambodia because president obama spent most of the meeting raising concerns about human rights issues. president obama received an incredibly warm welcome and as he visited myanmar yesterday, the country had long been considered an outcast. the president praised its progress but made clear that the u.s. support would disappear if the democratic reforms were not continued. >> the flickers of process that we've seen mutt not be extinguished. they must continue and become a shining north store for all of the people. >> reporter: in myanmar president obama met with the r
it will also be quiet. >> israel has 75,000 troops on stand by. >>> new this morning president obama is now in cambodia the third and last stop on his asian tour. the president and secretary of state hillary clinton just arrived two hours ago. it's the first visit ever by a u.s. president to cambodia. the other history making stop on president obama's trip coming up. >>> back here at home later this morning san francisco city officials will deal with a hot debate involving muni. muni has to decide what they will do with a multimillion dollar wind fall. ktvu tara moriarty is here now. says the big decision boils down to two options right tara? >> reporter: that is right. muni has to decide whether it wants to invest in making improvements to the system and hiring more operators or wants to let youths ride for free. we're here at the portal station. they will take center stage at a board of supervisors government audit. supervisor scott weiner is pushing for using the funds for maintenance. pointing out the agency has very poor performance rates. others would like to see 40,000 low income you
. >> now it is time for the top 5@5:00. president obama the first u.s. citizen to visit burma. he endured years of house arrest to gain freedom. the president vowing to help burma continue it's democracy. >> if we see continued progress towards reform our bilateral sides will grow stronger and we will do everything we can to help ensure success. >> critics say he wthe presidens wrong to visit a country oppressed. >> in a few hours hostess will appear to start selling off access. companies are interested in buying parts of the business including twinkies. hostess had no choice but to strike before return to go work. >>> florida senator making history in the iowa debut. he have the keynote speaker at a birthday fundraiser for governor kerry. he said the fundraiser scored over 600,000 dollars. rubio said his speech had nothing to do with that. >> paula broadwell and her family returned home for the first time since david petraeus resigned as cia director over the extra marital affair. she told friends she is devastated about the fallout but is still being investigated for classified document
more taxes -- and that is who should pay more taxes. the tax rates president obama wants does not solve the problem say the opponents. >> we take the president's deal that he has brought to the table. do you know how many days that pays for the federal government? not eight days, not eight months, eight dayless. >>> house minority leader nancy pelosi anticipates an agreement by mid-december but she says democrats will not accept the plan that fails to include a tax hike for the wealthy. >>> an environmental justice group claims that cancer causing dust from the chevron refinery in richmond is linger. five samples contained high levels of carcinogens. a public hearing on pollution control improvements at the refinery is set for tomorrow morning in san francisco. >>> the head of a houston based energy company who's oil platform in the gulf of mexico exploded last week today spoke publicly about the two workers killed in that blast. the explosion happened friday at a black elk energy platform. 11 people were injured. four seriously. two workers jumped from the burning rig in the
big story we're following for you this morning. president obama on the ground in cambodia. the final stop on this three-nation tour of southeast asia. the centerpiece of this trip here is this visit to myanmar. the country formerly known as burma. >> he is the first sitting president to visit there. in a speech earlier this morning at the university of yangon the president offered a hand of friendship from the u.s., as long as the country continues on its path to democracy. cnn's jessica yellin is traveling with the president. she joins us live from yangon in myanmar. this was a historic visit. what has been the response there. >> hi, john. the response has been very warm. obviously the people we're seeing are people who want to come out and embrace the president's message. but he spoke here in this auditorium, at an historic site, to 1500 students and professionals. people who are pro-democracy, advocates, and regular citizens who just wanted to hear his message. he got a very warm reception here and the white house said that he was moved, as well, by the thousands of people who cam
many times, president obama. the very surprised we had of being able to celebrate the first asian mayor of san francisco. it was not my doing, it was all of the people of san francisco saying it is about time we celebrate. thank you to the people of san [applause] i have a very short message. what did i have felt very strongly in my first elected year, but also during my tenure as interim mayor. we have a great deal of celebrate. we also have a great challenge in front of us. there are so many of our asian american friends, iranian friends, friends from the philippines, friends from our japanese-american community, are chinese-american community, waiting for the opportunity to come together to celebrate our diversity, but also to signal to our european friends, our latino france, we are ready to help lead this state. and helped change the conversation and not only celebrate diversity, but use diversity for our strength. that is our strength. i want to signal to you, let's come together, let's use this opportunity to make sure we can celebrate our strength throughout the state. i also wa
raise that president obama wants doesn't solve the problem. >> we take the president's deal that he has brought to the table. you know how many days that pays for the federal government? not -- eight days. not eight months. not eight weeks. eight days. >> the elements for an agreement are there. time is of the essence. the quicker we do it, the more confidence we instill. the better it is for the economy and for the american people. >>> house minority leader nancy pelosi anticipates an agreement by mid-december, but says democrats will not accept a plan that fails to include a tax hike for the wealthy. >>> now to our continuing coverage of the cleanup from superstorm sandy, and vice president joe biden today visited new jersey to view the damage there. after a helicopter tour of the coastal area hit by the storm, the vice president met with emergency workers who lost their own homes and he thanked them and promised to help bring back the area's beaches and famed atlantic city boardwalk. the late october storm killed 24 people and knocked out power for millions. some 600 people are still
initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron corp., wells fargo, mcdonald's, academy of arts university, at&t, southwe
. electing president obama, if you remember, if you go back to win, leading up to and when he announced his support for marriage equality, one you had many people just asking the question. is this going to be good? is this going to be bad? than you had our opponents saying the doom and gloom scenario suggesting to other politicians that they follow the president's lead and they will follow it right into retirement. one of my favorites that became a pet project of mine and many of you probably got my fundraising call before this little race in iowa, justice wiggins was on the ballot for -- in iowa. our opposition, the three judges on the iowa supreme court ever up in, the national organization for marriage spent $1 million to keep them and did so by 10 or 15 points. justice wiggins was the fourth judge on the ballot this november was made their priority as well. they spent hundreds of thousands of dollars and they campaigned across the strait and had us trips across the state. we went in with some lawyers that were there in the state and a partner in the campaign and we save justice wiggins.
of gifts to latinos and voter minorities that is insulting. they didn't vote for obama because of obamacare. i think that he is engaging in obama in the same type of class warfare discussion that he wants to have. i think we have to go back to the conservative populism which is to talk about the economy but i would say something else. we cannot run only on the economic message. we have to be full conservatives on social issues, on the national security and on the economy. >> and aspirational americanism where you are free to go as far as you want to go and to do what you want to do and york absolutely right about the community especially, you know, they're very on japan real and when they start small businesses, guess what they start liking the big government less. >> unfortunately we are out of time so want to thank you all for joining me today and please join me in thanking our panelists. [applause] the mindset of the world well into the 1990's was that white airlines access was stuck on the polls were buried in the ground was the key to understanding competition and to the communications
this morning president obama is now in cambodia. the third and last stopon his asian tour. the president along with secretary of sit hillary clinton arrived just two hours ago. the other history making stop on the president's trip coming up. >>> happening right now holiday shoppers are already lined up outside of a best buy store ahead of black friday. lorraine blanco joining us live. she is in pinole where people are hunkered down in tents as we speak. right? >> yes, they are dave. it's very early and people are already they are out here camping out for black friday. here in pinole you can see there are tents out here. outdoor chairs, even a card table out here. it's very early in the morning. so so far there hasn't been much of a peep from the tents. there was one lady that came out to go to the bathroom. she is not quite ready to talk yet. employees here say this is the earliest shoppers have come out to make sure they are the first in line to take advantage of of course the holiday deals like big screen tvs and laptop computers. doors are supposed to open at midnight on friday. you can see
. >>> right now, president barack obama and secretary of state, hilary rodham clinton are near mirnar. they say his trip is not an endorsement of the government but the progress that the country has made towards democracy. >>> a $10,000 reward is offered tonight on to find the suspect in a crime spree. 26-year-old jonathan wilbanks was caught after a series of robberies and police chase and a carjacking a tempt that left a man dead. >> at 9:00 i heard not continuous gunshots but maybe a little one after another with time. >> saw the victim's father up in the front. and he was still in shock after finding out that his son is had been shot in front of the 7/11. >> his alleged accomplice is still on the run. the award money is offered in -- offered for information for the arrest. >>> the 24-year-old was shot last night as he sat in the car with a woman on ivy drive. the suspect's took the woman's purse and ran in separate directions. that is the third shooting in that neighborhood and the second homicide since june. >>> a sad anniversary for many bay area families tonight. 34 years ago t
low, but now they have an up arrow. connell: we will shift over to the debt crisis. president obama reached out and spoke to some. name ceos try to avoid going over the fiscal cliff. dagen: why is this a bad idea, monica crowley? this is what the president should be doing, should he not? >> if he didn't have a history of blowing off these ceos and their advice, and we would say, yes. every single time he has asked them to come in and talk, nothing comes of it. he doesn't listen to any of them dagen: maybe the fear is that we will go over the cliff. >> most of the ceos that you just put up on the screen, warren buffett, a huge supporter of his support tax hikes. the message he is getting is, yeah, go ahead and do what you want to do. connell: even when you listen to john boehner and others coming out, we are making progress. making progress means revenue is on the table. entitlement cuts, presumably, are on the table. >> it depends on what we mean by increased revenue. they have two courts declare principles that place here. number one, do not raise taxes. number two, cut spending. t
the circle of violence. lama hasan, abc news, jerusalem. >> our thanks to lama. >>> well, president obama is on a historic visit to the southeast nation asian of myanmar. while he is there, mr. obama will be meeting with myanmar's prime minister and the nobel peace prize winning democracy advocate aung san suu kyi. the president will also deliver an address in which he will praise myanmar's progress toward democracy and urge it to make further reforms. myanmar is also known as burma. >>> well, vice president joe biden was much closer to home, getting a firsthand look at the new jersey coastline that, of course, was devastated by superstorm sandy. the vice president toured hard-hit seaside heights and later surveyed damage in hoboken, new jersey. he met with about 50 first responders and receiving a briefing pledging federal support. biden said rebuilding is a, quote, national respondent. >>> we have new developments this morning in the cia sex scandal. a person close to david petraeus' biographer paula broad well says she is devastated by the fallout of her affair with the former cia chie
armor and troops on the border. president obama is urging israel not to launch a ground war. tony blair and israeli president peres have met and speaking out. >> i hope over the coming days we can achieve cessation on a basis that is sustainable. >> our goals are clear to stop the fire and to introduce a deterrent against renewal of. >> reporter: stop the fire and introduce a deterrent against it. hamas continues to fire rockets into israel 1,000 total, nearly 300 intercepted. three israeli civilians have been killed, more than 60 injured. israel has opened a crossing allowing several trucks with medical supplies to enter. gaza hospitals are running low. katie marzullo, abc7 news. >>> former head of the cia david petraeus has hired one of the top lawyers in washington to help him handle his sex scandal and fbi investigation. they want to know if paula broadwell had access to classified information. she arrived back home with her husband and two sons yesterday. petraeus testified before members of congress friday and apologized for the affair. petraeus said he knew attack on the u.s. con
this technique? >> both campaigns used this pretty aggressively. the obama campaign probably more so, because they had a head start. they knew who their candidate was going to be and they've been working on this for years. >> is it all legal? i mean, how do they -- >> it's interesting they mention that, it's so much of the information we generate today. we're opting to share that on facebook and all the social networks. we leave this huge digital trail online. in a way we might not do in the offline world. >> basically you're only targeting or finding out about people on facebook and twitter and in the social media. and the old folks, or on the other side of the digital divide, we don't know much about them. >> no, i think those folks are still targeted the old-fashioned way. publishers clearinghouse sold you down the river a long time ago. so they've built profiles on us. now they're just actually targeting us even more. >> it seems like everybody talks a lot about social media and how does that influence voter behavior, but this really seems like this is where the money's at for campaigns.
system has intercepted more than 240 rockets. during a trip to asia, president obama warned israel about expanding into a ground war but he defended israel's fighting back. >> there's no country on earth that would tolerate missiles raining down on its citizens from outside its borders. >> reporter: u.n. secretary- general ban ki-moon is in cairo, egypt today to assist cease-fire talks there. the threat of a ground war remains. thousands of israeli tanks, soldiers and rocket launchers are ready to cross the border awaiting the command. susan mcginnis, cbs news, washington. >> the israeli air force briefly took control of hamas' radio network warning people in gaza to stay away from hamas facilities. >>> president obama is in cambodia now part of his asian tour that included this historic visit to myanmar. earlier today, he is the first u.s. president to visit that country also known as burma currently in the process of transitioning to democracy. he met with a nobel peace prize winner a democracy advocate. >>> 6:06. let's check traffic and weather. it looks like a good week ahead. >> i t
investigates cyber-based crime, terror, and sp nine. "washington journal" is next. >> president obama has become the first sitting u.s. president to visit burma. he also visited thailand this weekend. today, cambodia, where he will attend a summit. in the meantime, back here in washington, congress takes a weeklong break for the thanksgiving holiday. they will come back as they ponder the fiscal cliff and how to avoid it this week. they will be back next week. lots more headlines and talk this weekend about the future of the republican party as it ponders itself. one headline says romney is digging a deeper hole for the party. we want to hear from republicans only for the first 45 minutes of its monday edition. what do you think the future of your party is, what do you stand for, and what should you stand for moving forward? here are the numbers -- ere's the "washington times" this morning, the governor of louisiana, bobby jindal. the talk continues in the party about what to romney has had to say about why he lost to the president. [video clip] >> first, governor romney is an honorable a
the economic debate to barack obama because he didn't connect with those voters which has a lot to do with his personal wealth and his style as a politician. but he also didn't convince them on substance. how do you make conservative economics more appealing to people in the middle. bill: i think the folks on the right have short memories. that shocked democrats and got their ground operation up and running sooner than they would have otherwise. >> barack obama started building his cam paint day after he got elected. the republican party has an infrastructure problem. i assume they probably figured that out and will work on that over the next four years because that in the end of the day i think is why yes they had a problem with their message, yes, they picked a candidate who was sort of particularly ill suited for the times, but at the same time i think a lot of this has to do with the fact that obama knew where his voters were, who they were, and bombarded them and turned them out. bill: stayed in contact with them for four years and went through them to find other potential voters who were
the conventional wisdom here in washington is that president obama is sort of in the driver's seat with these negotiations. that being said, i think that there's a good deal of pressure on both sides here. if, indeed, we go over the fiscal cliff, there are a number of things that republicans are tremendously concerned about, not the least of which is the tax increases, the expiration of the payroll tax holiday, capital gains tax increase. there are a number of things frightening republicans right now, there's a number of things that should truly be frightening democrats. democrats control the white house, they have a larger majority in the senate. there is certainly some onus on president obama, the white house and senate majority leader harry reid to show that the democratic party can govern in a moment of great fiscal crisis. so i think there's a tremendous amount of pressure to go around here. while the conventional wisdom is that the president is in the driver's seat, i think that there's plenty of leverage to be had on capitol hill. jon: and republicans are not likely going to
. >> look at that. >> brian: wow. the story behind the video next. candidate obama made this promise to the nation's heroes. >> no veteran should have to wait months or years for the benefits that you earned. >> brian: but the next guest said the president has not delivered. his story will blow you away. my friend told me about a great new way to get deals. it's lled bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. put in my account. this is cash back on top of other rewards we already get. and best of all, it's free. friends help friends get deals. pass it on. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. who doesn't like a good deal? i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso.
que el estado judÍo inicie una invasiÓn por tierra, el presidente obama dijo que elevarÍa la cifra de muertos y ocupÓ a extremistas palestinos por comenzar una serie de viocia. >>> y mire la administraciÓn de alimentos y medicamentosteo de estados unidos, dijo que encontrÓ violaciones en una planta de elaboraciÓn de productos de cacahuate en nuevo mÉxico, se reportaron mÁs de 40 enfermos en 20 estados, luego de consumir productos de la planta, y pruebas de higiene y calidad
. >> all right, thank you, david. >>> well, president obama is making an historic visit to the southeast asian nation of myanmar. she the first u.s. leader to ever go to that country which is also known as burma. mr. obama has already met with myanmar's leaders with aung san suu kyi. the president has also praised myanmar's move towards democracy and urged the country to continue making further reforms. >>> vice president biden spent sunday getting an up close look at the area devastated by superstorm sandy. the v.p. toured seaside heights. he later surveyed the damage in hoboken. he later met with supporters saying rebuilding is, quote, a national responsibility. >>> and in new york, city officials plan to demolish about 200 homes severely damaged by sandy. in some cases, the danger of collapse is so great, they'll be bulldozed before the owners are notified. another 500 homes are being inspected and could be torn down as well. >>> most of the country is expecting a mild week which clears the way for a pretty smooth thanksgiving getaway. but that is definitely not the case in the northw
. and meanwhile, president obama is in myanmar, formerly known as burma and stated israel's absolute right to defend itself. coming up in the next hour, lt. colonel ralph peters, we'll ask him about the iron dome missile defense and possibly the most important weapon in modern warfare. a great american brand, hostess killed by unions, thousands of workers out of a job. how could the unions defend this? after this, someene who will attempt to do just that and we'll have the opening belfol f you on monday morning. that's next. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to mp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> coming up up to the opening bell. so far the shopping, expecting an 80, 90%, bounce, and despite more credit card debt, that could be a positive, and started to open the wallets and borrow and spend money and nice sounding noises out of the fiscal cliff nego
? >> it all depends on how it gets resolved. if obama gets his way, and we get big tax increases on small businesses, but also increased double taxation of dividends and capital gains, we'll have a less friendly economic environment for investment to car inside the united states. and that would mean an incentive for companies not to conduct business here. maybe to expand their branchs and their operations overseas. yes, there's the short-term uncertainty in the fiscal cliff that's hurting, but then i actually agree with michael. it's long-term fundamentals that matter. our government is just too much of a burden. >> steve, what's at stake here? >> i want to talk about two scientists from two different fields. one is pav lolov. a dog would salivate when you put food in hem. ed prescott took that idea and said, you know what, when companies spend, they spend after and during recessions when they can count on getting r&d tax credits from the government. they become conditioned to wait for lousy times for that spending to happen. that's a problem we have with our tax code, which seems to chan
the entire arizona law, i just met the e-verify portion," i did not trust you. latinos voted for obama because they did not trust romney on the immigration question, they did not like the rhetoric. there was no reason for this, because like i say, the majority of the american people want to see immigration reform. this is something very important, and it shows why politics has to do with immigration policy. i think the anti-immigration lobby has been very effective in creating the perception that the conservative base is anti- immigrants. that is just not true. poll after poll shows, study after study shows, that the majority of conservatives believe in border security but also believe in immigration reform. before the primary season we had -- we commissioned a study to study immigration views of likely republican primary voters. your tea partyers, people committed to the conservative movement. as long as you have border security there, the support legalization, a path to citizenship, a guest worker program. included a bad word "amnesty," and when we included boris security with amnest
to be in court when 30 today. today marks the 24th year that mchale hayward has been missing. president obama continues his tore through southeast asia today. he arrived in cambodia this morning. he encouraged the country's transition to democracy. this is the first ever trip to cambodia by a sitting u.s. president. >> the dow is now open and you can see that we are doing good. up 128 points. we are off to a positive start. rob black is jbout the lt on wall street. first off some of the corporate news we had coming up this morning is that there's a change in intel. what is going on there? >> if it was a shake up it would happen overnight. what happened was the ceo of intel was leading six months from now. he probably did not want to go but they told him he needed to. that will happen in six months. intel needs to call ceo of apple and say we will do anything we can to be in your products. we will give you money. he needs to make that step. they have had five ceos and five years. they have had a tough year and the market and it with a similar >> their chips opposed to large ships-they have the
community. now president obama makes this historic trip, becoming the first u.s. president to visit myanmar, country formerly known as burma. a rousing welcome for the president. a sea of people eager to catch a glimpse of the motorcade. uniformed school children waving u.s. and myanmar flags for miles. a red carpet welcome. mr. obama made an unannounced stop, a 2,000 year old holy site, center of buddhaism. a monk led them in a ceremonial pouring of water over the head of a buddha statue. then it was off to aung san suu kyi's house, where the activist lived under house arrest for years. >> i would like to say how happy i am to receive president obama in my country and in my house. >> reporter: later, the president formally addressed the people of myanmar in a speech at a university where he justified his trip to this not yet free country. >> i sent a message to those governments that ruled by fear. i said in my inauguration address we will extend a hand if you're willing to unclench your fist. under the president, the desire for change has been met by agenda for reform. so today i've come
as well. we start with the markets. new optimism about the cliff. president obama in myanmar saying he's confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. >> lowe's shares on better than expected earnings. the results renewing hopes this morning about the housing recovery. >> international pressure mounts for israel and gaza to agree to a cease-fire after a weekend of air strikes leave a dozen dead and hundreds injured. brent continues to climb with gold going higher. >> the president and congress will strike a deal to restore the fiscal cliff. over the weekend in asia, the president said he's confident we can get the fiscal situation confident and reached out to ceos including tim cook, warren buffett and jamie dimon. after top house and senate leaders say friday's meeting was constructive. we see headlines that may bring news to other companies. intel ceo paul otellini to retire. >> during this period where a lot of companies moved toward mobile, was not pioneer mobile. arm holdings to go a bunch of shares. this may be a positive -- vie
lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather, during which the president met with business, labor, civic leaders and congressional leaders. and the most important thing from our perspective are, one, to ensure that middle class and working class tax cuts are sustained in the negotiations, and then number two, to ensure that any of the steps that are taken do not affect negatively on the fragile recovery and the job creation which is beginning to take place. and thirdly, to ensure that america's most vulnerable citizens, those who have been damaged by the recession in a very big way, do not have to bear disproportionate share of the burden to get us to a gr
of the federal housing administration, david stevens, says the obama administration has set aside billions to give banks the incentive to help struggling and underwater borrowers with their mortgages. but banks have been slow to modify the terms of those loans. >> the fact of the matter is, these programs are designed to affect those who are most at risk, who are unable to make their payments, and it does require the investor, the servicer, to participate. >> the decision to walk away from the sinking home by people who can afford to pay is spreading like a virus, because as one person on the street does it, the next-door neighbor says, "what am i doing? why am i putting all this money into this almost worthless house?" >> the concern has to be-- for someone who's gonna take that move--is that they have to be so deeply in negative equity that they're willing to damage their credit, damage their financial reputation going forward. if you get foreclosed on in your home--you walk away from your mortgage when you could have afforded it, particularly-- that's gonna follow that family for years
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